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Synovus Financial (SNV) Financials

Synovus Financial logo
$46.55 -0.69 (-1.46%)
Closing price 08/1/2025 03:59 PM Eastern
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$46.55 0.00 (0.00%)
As of 08/1/2025 04:20 PM Eastern
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Annual Income Statements for Synovus Financial

Annual Income Statements for Synovus Financial

This table shows Synovus Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 216 237 265 410 541 341 727 725 508 440
Consolidated Net Income / (Loss)		 226 247 275 428 564 374 760 758 542 479
Net Income / (Loss) Continuing Operations		 226 247 275 428 564 374 760 758 542 479
Total Pre-Tax Income 		359 388 480 547 765 485 989 964 696 605
Total Revenue		 1,095 1,172 1,369 1,429 1,952 2,019 1,983 2,206 2,221 1,989
Net Interest Income / (Expense)		 827 899 1,023 1,148 1,596 1,513 1,533 1,797 1,817 1,750
Total Interest Income		 946 1,023 1,162 1,344 2,051 1,804 1,653 2,076 3,050 3,194
Loans and Leases Interest Income		 880 947 1,066 1,229 1,821 1,616 1,506 1,840 2,715 2,773
Investment Securities Interest Income		 59 67 83 97 209 179 140 210 248 329
Federal Funds Sold and Securities Borrowed Interest Income		 3.14 4.36 6.47 10 10 2.84 3.78 18 68 76
Other Interest Income		 - - - 8.59 11 7.54 3.11 7.62 19 15
Total Interest Expense		 119 124 139 196 455 292 120 279 1,234 1,444
Deposits Interest Expense		 66 64 81 144 357 218 75 187 1,027 1,330
Short-Term Borrowings Interest Expense		 0.17 0.50 0.95 3.55 26 7.92 0.13 12 26 4.42
Long-Term Debt Interest Expense		 53 59 57 48 72 66 45 79 181 110
Total Non-Interest Income		 268 273 345 280 356 507 450 409 404 240
Trust Fees by Commissions		 74 - 80 90 100 108 134 151 168 165
Service Charges on Deposit Accounts		 - - 81 81 88 73 86 93 90 92
Other Service Charges		 192 15 148 76 122 96 112 82 124 147
Net Realized & Unrealized Capital Gains on Investments		 2.77 6.01 -0.29 -1.30 -7.66 79 -0.80 0.00 -77 -257
Other Non-Interest Income		 -0.22 252 36 34 54 150 119 83 99 93
Provision for Credit Losses		 19 28 67 52 88 355 -106 85 189 137
Total Non-Interest Expense		 718 756 821 829 1,099 1,180 1,100 1,158 1,335 1,248
Salaries and Employee Benefits		 381 402 433 453 570 618 649 682 728 737
Net Occupancy & Equipment Expense		 150 156 175 189 241 258 256 263 266 273
Other Operating Expenses		 171 172 167 156 230 232 187 222 323 235
Restructuring Charge		 0.04 1.64 0.11 10 58 27 7.22 -9.69 18 2.12
Income Tax Expense		 132 142 205 119 201 111 229 206 154 126
Preferred Stock Dividends Declared		 10 10 10 18 23 33 33 33 36 43
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - - - 0.00 0.00 -1.56 -3.01
Basic Earnings per Share		 $1.63 $1.90 $2.19 $3.49 $3.50 $2.31 $4.95 $4.99 $3.48 $3.05
Weighted Average Basic Shares Outstanding		 132.42M 124.39M 121.16M 117.64M 154.33M 147.42M 147.04M 145.36M 146.12M 144.16M
Diluted Earnings per Share		 $1.62 $1.89 $2.17 $3.47 $3.47 $2.30 $4.90 $4.95 $3.46 $3.03
Weighted Average Diluted Shares Outstanding		 133.20M 125.08M 122.01M 118.38M 156.06M 148.21M 148.50M 146.48M 146.73M 145.00M
Weighted Average Basic & Diluted Shares Outstanding		 132.40M 124.50M 121.10M 159.15M 147.26M 148.64M 145.46M 146.05M 146.40M 140.89M
Cash Dividends to Common per Share		 $0.42 $0.48 $0.60 $1.00 $1.20 $1.32 $1.32 $1.36 $1.52 $1.52

Quarterly Income Statements for Synovus Financial

This table shows Synovus Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 195 197 194 166 87 61 115 -24 170 179 184
Consolidated Net Income / (Loss)		 203 206 202 174 96 70 124 -15 181 189 195
Net Income / (Loss) Continuing Operations		 203 206 202 174 96 70 124 -15 181 189 195
Total Pre-Tax Income 		263 260 260 222 124 90 161 -22 228 238 252
Total Revenue		 582 604 614 568 550 489 538 306 565 581 571
Net Interest Income / (Expense)		 478 501 481 456 443 437 419 435 441 455 454
Total Interest Income		 551 655 717 759 786 788 783 801 811 799 767
Loans and Leases Interest Income		 490 582 635 676 704 700 692 703 702 677 649
Investment Securities Interest Income		 54 59 61 60 62 65 72 79 88 91 93
Federal Funds Sold and Securities Borrowed Interest Income		 5.58 10 17 17 15 19 15 16 17 28 21
Other Interest Income		 1.70 3.21 3.87 5.28 4.91 4.86 3.48 4.02 3.75 3.49 3.14
Total Interest Expense		 73 153 236 304 343 351 364 366 370 344 312
Deposits Interest Expense		 47 108 174 242 292 319 333 336 345 316 282
Short-Term Borrowings Interest Expense		 - - - - - - - - - - 0.21
Long-Term Debt Interest Expense		 26 33 62 62 51 5.83 31 30 24 24 30
Total Non-Interest Income		 104 102 133 112 107 51 119 -129 124 126 116
Trust Fees by Commissions		 36 44 44 22 42 60 23 40 41 61 20
Service Charges on Deposit Accounts		 23 24 23 23 21 22 22 23 24 23 23
Other Service Charges		 26 8.05 26 45 26 27 57 38 37 16 55
Other Non-Interest Income		 19 26 39 21 19 20 17 27 23 25 18
Provision for Credit Losses		 26 35 32 39 73 45 54 26 23 33 11
Total Non-Interest Expense		 294 309 322 307 354 353 323 302 314 309 308
Salaries and Employee Benefits		 173 183 189 183 180 177 189 179 185 185 186
Net Occupancy & Equipment Expense		 66 68 65 64 67 70 67 68 69 69 71
Other Operating Expenses		 54 60 69 60 89 105 66 55 59 55 53
Restructuring Charge		 0.96 -2.37 -0.73 -0.11 17 1.23 1.52 -0.66 1.22 0.04 -1.29
Income Tax Expense		 60 54 58 48 28 21 37 -7.38 47 49 57
Preferred Stock Dividends Declared		 8.29 8.29 8.29 8.29 9.67 9.70 9.69 9.71 12 12 11
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 - 0.00 -0.17 -0.63 -0.77 -0.44 -0.65 -0.87 -1.05 -0.14
Basic Earnings per Share		 $1.34 $1.36 $1.33 $1.13 $0.60 $0.42 $0.78 ($0.16) $1.19 $1.24 $1.31
Weighted Average Basic Shares Outstanding		 145.39M 145.36M 145.80M 146.11M 146.17M 146.12M 146.43M 145.57M 143.14M 144.16M 140.68M
Diluted Earnings per Share		 $1.33 $1.35 $1.32 $1.13 $0.60 $0.41 $0.78 ($0.16) $1.18 $1.23 $1.30
Weighted Average Diluted Shares Outstanding		 146.42M 146.48M 146.73M 146.55M 146.74M 146.73M 147.12M 145.57M 143.98M 145.00M 141.78M
Weighted Average Basic & Diluted Shares Outstanding		 145.46M 146.05M 146.12M 146.17M 146.24M 146.40M 146.44M 143.97M 141.67M 140.89M 139.01M
Cash Dividends to Common per Share		 $0.34 - $0.38 $0.38 $0.38 - $0.38 $0.38 $0.38 - $0.39

Annual Cash Flow Statements for Synovus Financial

This table details how cash moves in and out of Synovus Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -118 -285 -66 211 43 3,066 -1,243 -1,032 474 543
Net Cash From Operating Activities		 445 466 631 538 621 17 794 1,191 1,283 821
Net Cash From Continuing Operating Activities		 445 466 631 538 621 17 794 1,191 1,283 821
Net Income / (Loss) Continuing Operations		 226 247 275 428 564 374 760 758 542 479
Consolidated Net Income / (Loss)		 226 247 275 428 564 374 760 758 542 479
Provision For Loan Losses		 19 28 67 52 88 355 -106 85 189 137
Depreciation Expense		 57 58 59 55 8.08 70 114 69 93 60
Non-Cash Adjustments to Reconcile Net Income		 153 147 275 28 46 -688 82 372 499 268
Changes in Operating Assets and Liabilities, net		 -10 -14 -45 -26 -85 -93 -56 -92 -41 -124
Net Cash From Investing Activities		 -2,107 -1,417 -1,474 -1,338 -2,154 -2,353 -4,384 -4,855 324 178
Net Cash From Continuing Investing Activities		 -2,107 -1,417 -1,474 -1,338 -2,154 -2,353 -4,384 -4,855 324 178
Purchase of Property, Leasehold Improvements and Equipment		 -28 -34 -51 -53 -61 -30 -26 -30 -32 -56
Purchase of Investment Securities		 -3,051 -3,310 -2,939 -1,961 -6,431 -8,449 -8,105 -6,937 -3,691 -2,038
Sale and/or Maturity of Investments		 1,121 1,922 1,516 661 4,120 6,368 3,728 2,103 4,030 2,265
Other Investing Activities, net		 -151 - - 15 17 -242 19 9.27 17 6.50
Net Cash From Financing Activities		 1,543 666 777 1,011 1,576 5,402 2,347 2,632 -1,133 -456
Net Cash From Continuing Financing Activities		 1,543 666 777 1,011 1,576 5,402 2,347 2,632 -1,133 -456
Net Change in Deposits		 1,710 1,405 1,499 572 798 8,285 2,736 -531 1,858 344
Issuance of Debt		 872 1,875 1,872 2,830 1,601 1,445 0.00 4,226 2,621 1,643
Repayment of Debt		 -824 -2,264 -2,350 -2,231 -159 -4,155 -7.52 -700 -5,405 -1,850
Repurchase of Common Equity		 -199 -263 -175 -175 -725 -16 -200 -13 0.00 -272
Payment of Dividends		 -66 -70 -65 -120 -186 -223 -228 -229 -252 -261
Other Financing Activities, Net		 51 -17 -3.95 70 -94 66 47 -120 44 -60
Cash Interest Paid		 116 124 143 180 465 319 133 242 1,113 1,467
Cash Income Taxes Paid		 11 9.34 18 41 102 111 204 176 70 47

Quarterly Cash Flow Statements for Synovus Financial

This table details how cash moves in and out of Synovus Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 203 110 1,388 -1,311 83 314 -28 -129 -441 1,140 -288
Net Cash From Operating Activities		 400 581 354 360 302 266 24 279 257 261 52
Net Cash From Continuing Operating Activities		 400 581 354 360 302 266 24 279 257 261 52
Net Income / (Loss) Continuing Operations		 203 206 202 174 96 70 124 -15 181 189 195
Consolidated Net Income / (Loss)		 203 206 202 174 96 70 124 -15 181 189 195
Provision For Loan Losses		 26 35 32 39 73 45 54 26 23 33 11
Depreciation Expense		 16 16 20 22 22 30 18 16 13 13 12
Non-Cash Adjustments to Reconcile Net Income		 216 320 138 180 95 88 -68 261 32 43 -19
Changes in Operating Assets and Liabilities, net		 -61 3.87 -38 -54 17 34 -104 -10 7.42 -17 -147
Net Cash From Investing Activities		 -1,722 -1,162 -692 -286 1,026 276 -78 169 -240 327 -182
Net Cash From Continuing Investing Activities		 -1,722 -1,162 -692 -286 1,026 276 -78 169 -240 327 -182
Purchase of Property, Leasehold Improvements and Equipment		 -10 -8.62 -6.52 -6.18 -7.85 -12 -18 -10 -16 -12 -8.16
Purchase of Investment Securities		 -2,288 -1,423 -973 -677 -837 -1,204 -242 -1,440 -450 93 -351
Sale and/or Maturity of Investments		 575 265 285 388 1,870 1,486 182 1,618 224 241 178
Net Cash From Financing Activities		 1,525 691 1,726 -1,385 -1,244 -229 26 -578 -458 553 -158
Net Cash From Continuing Financing Activities		 1,525 691 1,726 -1,385 -1,244 -229 26 -578 -458 553 -158
Net Change in Deposits		 -1,320 1,178 1,070 147 122 519 -157 -387 -18 906 -259
Issuance of Debt		 2,393 578 1,021 1,598 0.90 1.13 100 1,050 - 493 350
Repayment of Debt		 614 -914 -350 -2,954 -1,317 -784 249 -1,050 -278 -772 0.00
Repurchase of Common Equity		 - - 0.00 - - - -30 -92 -101 -50 -121
Payment of Dividends		 -58 -58 -58 -64 -65 -65 -65 -65 -65 -66 -65
Other Financing Activities, Net		 -105 -93 43 -112 14 100 -70 -33 2.82 40 -63
Cash Interest Paid		 59 131 207 271 302 332 385 345 400 336 327
Cash Income Taxes Paid		 51 36 52 5.83 2.09 9.67 29 0.16 4.56 14 30

Annual Balance Sheets for Synovus Financial

This table presents Synovus Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 28,793 30,104 31,222 32,669 48,203 54,394 57,317 59,731 59,810 60,234
Cash and Due from Banks		 367 395 398 468 536 532 433 1,939 2,414 2,978
Federal Funds Sold		 900 585 509 655 630 3,700 2,551 38 37 16
Trading Account Securities		 3,593 3,728 3,987 3,992 6,779 7,962 10,918 9,678 9,789 10,132
Loans and Leases, Net of Allowance		 22,177 23,605 24,538 25,696 37,162 -606 38,884 43,273 42,925 42,122
Loans and Leases		 22,430 23,856 24,787 25,947 37,162 - 39,312 43,716 43,404 42,609
Allowance for Loan and Lease Losses		 252 252 249 251 - 606 428 443 479 487
Loans Held for Sale		 59 52 48 37 115 760 751 392 53 90
Premises and Equipment, Net		 445 417 427 434 494 464 407 371 366 384
Goodwill		 24 60 57 57 497 452 452 452 480 480
Intangible Assets		 0.47 13 11 9.88 56 45 36 27 46 34
Other Assets		 1,209 1,231 1,220 1,299 1,913 41,063 41,743 3,561 3,699 3,996
Total Liabilities & Shareholders' Equity		 28,793 30,104 31,222 32,669 48,203 54,394 57,317 59,731 59,810 60,234
Total Liabilities		 25,792 27,176 28,260 29,536 43,262 49,233 52,020 55,256 54,665 54,967
Non-Interest Bearing Deposits		 6,733 7,086 7,686 7,651 9,439 13,478 16,393 15,640 12,508 11,596
Interest Bearing Deposits		 16,510 17,562 18,462 19,069 28,966 33,214 33,035 33,232 38,232 39,499
Federal Funds Purchased and Securities Sold		 177 160 161 238 166 228 264 147 193 132
Long-Term Debt		 2,187 2,161 1,606 1,657 2,154 1,202 1,204 4,110 1,933 1,733
Other Long-Term Liabilities		 186 207 245 270 783 1,111 1,125 1,524 1,801 2,007
Total Equity & Noncontrolling Interests		 3,000 2,928 2,962 3,134 4,942 5,161 5,297 4,476 5,144 5,266
Total Preferred & Common Equity		 3,000 2,928 2,962 3,134 4,942 5,161 5,297 4,476 5,120 5,245
Preferred Stock		 126 126 - 195 537 537 537 537 537 537
Total Common Equity		 2,874 2,802 2,962 2,938 4,405 4,624 4,760 3,939 4,583 4,707
Common Stock		 3,131 3,170 3,186 3,204 3,986 4,019 4,063 4,090 4,127 4,159
Retained Earnings		 175 352 544 844 1,068 1,178 1,710 2,235 2,517 2,736
Treasury Stock		 -402 -665 -840 -1,015 -716 -732 -931 -944 -944 -1,217
Accumulated Other Comprehensive Income / (Loss)		 -30 -56 -55 -94 66 159 -82 -1,442 -1,117 -971
Noncontrolling Interest		 - - - - - - - 0.00 24 22

Quarterly Balance Sheets for Synovus Financial

This table presents Synovus Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 58,640 61,840 60,656 59,343 59,835 59,606 59,590 60,339
Cash and Due from Banks		 516 638 576 605 2,380 2,264 1,808 2,675
Federal Funds Sold		 1,319 36 1,428 1,468 44 31 46 31
Trading Account Securities		 9,588 9,733 9,621 9,237 9,695 9,712 10,177 10,387
Loans and Leases, Net of Allowance		 42,150 43,588 43,882 43,202 42,817 42,608 42,636 42,171
Loans and Leases		 42,571 44,045 44,354 43,680 43,310 43,093 43,121 42,649
Allowance for Loan and Lease Losses		 421 457 471 478 493 485 485 478
Loans Held for Sale		 696 669 514 67 131 139 121 122
Premises and Equipment, Net		 377 367 365 364 375 375 380 382
Goodwill		 452 452 476 480 480 480 480 480
Intangible Assets		 29 25 62 49 43 40 37 32
Other Assets		 3,479 3,640 3,681 3,806 3,871 3,956 3,904 4,060
Total Liabilities & Shareholders' Equity		 58,640 61,840 60,656 59,343 59,835 59,606 59,590 60,339
Total Liabilities		 54,410 21,310 55,848 54,781 54,793 54,530 54,211 54,927
Non-Interest Bearing Deposits		 16,360 14,643 13,566 12,977 12,042 11,656 11,562 11,543
Interest Bearing Deposits		 31,338 - 36,515 37,227 38,538 38,540 38,632 39,300
Federal Funds Purchased and Securities Sold		 240 - 83 98 128 94 94 83
Long-Term Debt		 4,434 5,146 4,021 2,705 2,032 2,284 2,021 2,097
Other Long-Term Liabilities		 2,038 1,521 1,661 1,772 1,801 1,953 1,903 1,904
Total Equity & Noncontrolling Interests		 4,230 4,770 4,808 4,562 5,042 5,077 5,378 5,412
Total Preferred & Common Equity		 4,230 4,770 4,783 4,537 5,018 5,054 5,356 5,391
Preferred Stock		 537 537 537 537 537 537 537 537
Total Common Equity		 3,693 4,233 4,245 4,000 4,481 4,516 4,819 4,854
Common Stock		 4,087 4,096 4,104 4,111 4,129 4,138 4,149 4,156
Retained Earnings		 2,085 2,371 2,481 2,512 2,574 2,495 2,611 2,862
Treasury Stock		 -944 -944 -944 -944 -974 -1,066 -1,167 -1,338
Accumulated Other Comprehensive Income / (Loss)		 -1,534 -1,289 -1,395 -1,679 -1,248 -1,050 -774 -827
Noncontrolling Interest		 - - 25 25 24 23 22 22

Annual Metrics And Ratios for Synovus Financial

This table displays calculated financial ratios and metrics derived from Synovus Financial's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 1.28% 7.04% 16.74% 4.37% 36.63% 3.46% -1.80% 11.26% 0.65% -10.42%
EBITDA Growth		 16.17% 7.55% 20.73% 11.73% 28.31% -28.30% 98.98% -6.31% -23.59% -15.74%
EBIT Growth		 18.51% 8.33% 23.60% 14.00% 39.77% -36.65% 104.13% -2.55% -27.80% -13.10%
NOPAT Growth		 15.79% 9.16% 11.63% 55.54% 31.58% -33.72% 103.50% -0.34% -28.47% -11.56%
Net Income Growth		 15.79% 9.16% 11.63% 55.54% 31.58% -33.72% 103.50% -0.34% -28.47% -11.56%
EPS Growth		 21.80% 16.67% 14.81% 59.91% 0.00% -33.72% 113.04% 1.02% -30.10% -12.43%
Operating Cash Flow Growth		 14.92% 4.70% 35.48% -14.76% 15.43% -97.26% 4,561.91% 50.06% 7.65% -35.99%
Free Cash Flow Firm Growth		 6,919.50% 57.14% 101.87% -149.47% -725.53% 200.51% -78.21% -409.70% 237.55% -79.02%
Invested Capital Growth		 0.13% -1.89% -8.28% 16.56% 62.65% -28.09% 2.16% 41.34% -22.99% -1.09%
Revenue Q/Q Growth		 0.62% 2.51% -4.28% 11.71% 5.47% 0.17% 0.44% 4.47% -4.93% 4.84%
EBITDA Q/Q Growth		 2.57% 4.18% -15.26% 36.73% 2.42% -4.54% 10.60% -0.90% -16.45% 24.52%
EBIT Q/Q Growth		 3.41% 4.67% -16.78% 42.31% 4.46% -3.87% 9.07% -0.97% -19.59% 32.40%
NOPAT Q/Q Growth		 2.37% 4.29% -12.39% 21.38% 9.01% -0.34% 7.04% 0.71% -20.08% 33.31%
Net Income Q/Q Growth		 2.37% 4.29% -12.39% 21.38% 9.01% -0.34% 7.04% 0.71% -20.08% 33.31%
EPS Q/Q Growth		 1.25% 2.72% -12.15% 23.05% 2.36% 0.44% 7.46% 0.81% -21.36% 37.10%
Operating Cash Flow Q/Q Growth		 8.98% 1.87% 1.33% 0.23% 21.50% -64.94% -25.71% 112.20% -19.69% -0.65%
Free Cash Flow Firm Q/Q Growth		 -41.05% 53.48% 38.66% -702.66% 20.17% 12.65% -53.74% -32.63% 27.99% 143.07%
Invested Capital Q/Q Growth		 2.60% 0.42% -4.34% 5.12% -4.40% -10.28% 0.69% 6.06% -2.64% -5.40%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 37.92% 38.10% 39.40% 42.18% 39.61% 27.45% 55.62% 46.84% 35.56% 33.45%
EBIT Margin		 32.74% 33.13% 35.08% 38.32% 39.20% 24.00% 49.89% 43.70% 31.35% 30.41%
Profit (Net Income) Margin		 20.64% 21.05% 20.13% 29.99% 28.89% 18.51% 38.35% 34.35% 24.41% 24.10%
Tax Burden Percent		 63.05% 63.53% 57.37% 78.28% 73.70% 77.10% 76.86% 78.61% 77.88% 79.25%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 36.95% 36.47% 42.63% 21.72% 26.30% 22.90% 23.14% 21.39% 22.12% 20.75%
Return on Invested Capital (ROIC)		 4.36% 4.80% 5.65% 8.48% 7.89% 4.91% 11.82% 9.66% 6.67% 6.81%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.36% 4.80% 5.65% 8.48% 7.89% 4.91% 11.82% 9.66% 6.67% 6.81%
Return on Net Nonoperating Assets (RNNOA)		 3.12% 3.52% 3.71% 5.58% 6.07% 2.48% 2.72% 5.85% 4.61% 2.40%
Return on Equity (ROE)		 7.48% 8.33% 9.35% 14.06% 13.96% 7.40% 14.54% 15.51% 11.27% 9.21%
Cash Return on Invested Capital (CROIC)		 4.24% 6.72% 14.28% -6.82% -39.81% 37.59% 9.69% -24.60% 32.64% 7.91%
Operating Return on Assets (OROA)		 1.28% 1.32% 1.57% 1.71% 1.89% 0.94% 1.77% 1.65% 1.16% 1.01%
Return on Assets (ROA)		 0.81% 0.84% 0.90% 1.34% 1.39% 0.73% 1.36% 1.30% 0.91% 0.80%
Return on Common Equity (ROCE)		 7.17% 7.97% 9.15% 13.61% 12.70% 6.61% 13.05% 13.81% 9.98% 8.22%
Return on Equity Simple (ROE_SIMPLE)		 7.54% 8.43% 9.30% 13.67% 11.41% 7.24% 14.36% 16.93% 10.59% 9.14%
Net Operating Profit after Tax (NOPAT)		 226 247 275 428 564 374 760 758 542 479
NOPAT Margin		 20.64% 21.05% 20.13% 29.99% 28.89% 18.51% 38.35% 34.35% 24.41% 24.10%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 49.92% 49.30% 46.10% 46.44% 41.56% 43.38% 45.65% 42.84% 44.79% 50.81%
Operating Expenses to Revenue		 65.53% 64.48% 60.01% 58.06% 56.31% 58.42% 55.47% 52.47% 60.14% 62.72%
Earnings before Interest and Taxes (EBIT)		 359 388 480 547 765 485 989 964 696 605
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 415 447 539 603 773 554 1,103 1,033 790 665
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.12 1.38 1.51 1.01 1.08 0.91 1.32 1.28 1.16 1.54
Price to Tangible Book Value (P/TBV)		 1.13 1.42 1.55 1.04 1.23 1.02 1.47 1.45 1.31 1.73
Price to Revenue (P/Rev)		 2.94 3.31 3.28 2.09 2.44 2.08 3.17 2.28 2.39 3.65
Price to Earnings (P/E)		 14.91 16.41 16.91 7.26 8.79 12.33 8.65 6.93 10.46 16.51
Dividend Yield		 1.70% 1.51% 1.60% 3.90% 3.70% 4.65% 3.05% 3.94% 4.19% 2.97%
Earnings Yield		 6.71% 6.10% 5.91% 13.77% 11.38% 8.11% 11.56% 14.43% 9.56% 6.06%
Enterprise Value to Invested Capital (EV/IC)		 0.82 1.02 1.13 0.80 0.91 0.26 0.77 0.90 0.76 0.94
Enterprise Value to Revenue (EV/Rev)		 3.88 4.41 3.84 3.04 4.10 0.83 2.53 3.76 2.41 3.30
Enterprise Value to EBITDA (EV/EBITDA)		 10.23 11.57 9.75 7.20 10.36 3.04 4.56 8.03 6.78 9.85
Enterprise Value to EBIT (EV/EBIT)		 11.85 13.31 10.95 7.93 10.47 3.47 5.08 8.60 7.69 10.84
Enterprise Value to NOPAT (EV/NOPAT)		 18.79 20.94 19.09 10.13 14.21 4.51 6.61 10.95 9.87 13.67
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.55 11.09 8.33 8.07 12.90 98.88 6.33 6.96 4.17 7.98
Enterprise Value to Free Cash Flow (EV/FCFF)		 19.34 14.98 7.55 0.00 0.00 0.59 8.07 0.00 2.02 11.77
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.73 0.74 0.58 0.74 0.79 0.23 0.23 1.05 0.38 0.33
Long-Term Debt to Equity		 0.73 0.74 0.54 0.53 0.44 0.23 0.23 0.92 0.38 0.33
Financial Leverage		 0.72 0.73 0.66 0.66 0.77 0.51 0.23 0.61 0.69 0.35
Leverage Ratio		 9.24 9.94 10.41 10.48 10.01 10.16 10.68 11.98 12.43 11.53
Compound Leverage Factor		 9.24 9.94 10.41 10.48 10.01 10.16 10.68 11.98 12.43 11.53
Debt to Total Capital		 42.16% 42.46% 36.55% 42.41% 44.16% 18.90% 18.53% 51.29% 27.31% 24.76%
Short-Term Debt to Total Capital		 0.00% 0.00% 2.14% 11.95% 19.82% 0.00% 0.00% 6.57% 0.00% 0.00%
Long-Term Debt to Total Capital		 42.16% 42.46% 34.41% 30.46% 24.34% 18.90% 18.52% 44.72% 27.31% 24.76%
Preferred Equity to Total Capital		 2.43% 2.48% 0.00% 3.59% 6.07% 8.44% 8.26% 5.85% 7.59% 7.67%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.34% 0.31%
Common Equity to Total Capital		 55.41% 55.06% 63.45% 54.01% 49.77% 72.66% 73.21% 42.86% 64.76% 67.25%
Debt to EBITDA		 5.27 4.84 3.16 3.83 5.05 2.17 1.09 4.56 2.45 2.60
Net Debt to EBITDA		 2.17 2.60 1.43 1.93 3.52 -5.50 -1.64 2.65 -0.66 -1.90
Long-Term Debt to EBITDA		 5.27 4.84 2.98 2.75 2.79 2.17 1.09 3.98 2.45 2.60
Debt to NOPAT		 9.67 8.76 6.19 5.38 6.93 3.22 1.58 6.22 3.56 3.61
Net Debt to NOPAT		 3.99 4.71 2.81 2.72 4.83 -8.16 -2.37 3.61 -0.96 -2.63
Long-Term Debt to NOPAT		 9.67 8.76 5.83 3.87 3.82 3.22 1.58 5.42 3.56 3.61
Noncontrolling Interest Sharing Ratio		 4.17% 4.25% 2.14% 3.20% 9.07% 10.63% 10.27% 10.99% 11.42% 10.76%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 220 345 697 -345 -2,845 2,859 623 -1,930 2,654 557
Operating Cash Flow to CapEx		 1,567.90% 1,357.60% 1,235.09% 1,012.16% 1,014.65% 56.58% 3,059.32% 3,957.78% 3,982.44% 1,462.16%
Free Cash Flow to Firm to Interest Expense		 1.85 2.79 5.00 -1.76 -6.25 9.80 5.18 -6.92 2.15 0.39
Operating Cash Flow to Interest Expense		 3.75 3.77 4.53 2.75 1.37 0.06 6.60 4.27 1.04 0.57
Operating Cash Flow Less CapEx to Interest Expense		 3.51 3.49 4.17 2.48 1.23 -0.04 6.38 4.16 1.01 0.53
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.05 0.04 0.04 0.04 0.04 0.03
Fixed Asset Turnover		 2.43 2.72 3.24 3.32 4.21 4.22 4.55 5.67 6.03 5.31
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 5,187 5,089 4,668 5,441 8,849 6,364 6,501 9,189 7,077 6,999
Invested Capital Turnover		 0.21 0.23 0.28 0.28 0.27 0.27 0.31 0.28 0.27 0.28
Increase / (Decrease) in Invested Capital		 6.49 -98 -421 773 3,408 -2,485 137 2,688 -2,112 -77
Enterprise Value (EV)		 4,247 5,168 5,259 4,340 8,010 1,684 5,025 8,295 5,352 6,555
Market Capitalization		 3,219 3,881 4,486 2,981 4,753 4,197 6,294 5,023 5,309 7,258
Book Value per Share		 $22.01 $22.91 $24.78 $25.25 $30.06 $31.29 $32.71 $27.08 $31.34 $33.23
Tangible Book Value per Share		 $21.82 $22.31 $24.21 $24.67 $26.28 $27.92 $29.36 $23.78 $27.74 $29.60
Total Capital		 5,187 5,089 4,668 5,441 8,849 6,364 6,501 9,189 7,077 6,999
Total Debt		 2,187 2,161 1,706 2,307 3,907 1,202 1,204 4,713 1,933 1,733
Total Long-Term Debt		 2,187 2,161 1,606 1,657 2,154 1,202 1,204 4,110 1,933 1,733
Net Debt		 903 1,162 773 1,164 2,721 -3,050 -1,805 2,735 -519 -1,261
Capital Expenditures (CapEx)		 28 34 51 53 61 30 26 30 32 56
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 2,187 2,161 1,706 2,307 3,907 1,202 1,204 4,713 1,933 1,733
Total Depreciation and Amortization (D&A)		 57 58 59 55 8.08 70 114 69 93 60
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.63 $1.90 $2.19 $3.49 $3.50 $2.31 $4.95 $4.99 $3.48 $3.05
Adjusted Weighted Average Basic Shares Outstanding		 132.42M 124.39M 121.16M 117.64M 154.33M 147.42M 147.04M 145.36M 146.12M 144.16M
Adjusted Diluted Earnings per Share		 $1.62 $1.89 $2.17 $3.47 $3.47 $2.30 $4.90 $4.95 $3.46 $3.03
Adjusted Weighted Average Diluted Shares Outstanding		 133.20M 125.08M 122.01M 118.38M 156.06M 148.21M 148.50M 146.48M 146.73M 145.00M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 126.32M 122.35M 118.68M 159.15M 147.26M 148.64M 145.46M 146.05M 146.40M 140.89M
Normalized Net Operating Profit after Tax (NOPAT)		 226 251 289 436 606 429 766 750 556 481
Normalized NOPAT Margin		 20.64% 21.40% 21.10% 30.54% 31.07% 21.25% 38.63% 34.01% 25.03% 24.19%
Pre Tax Income Margin		 32.74% 33.13% 35.08% 38.32% 39.20% 24.00% 49.89% 43.70% 31.35% 30.41%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 3.02 3.14 3.45 2.79 1.68 1.66 8.22 3.46 0.56 0.42
NOPAT to Interest Expense		 1.91 2.00 1.98 2.19 1.24 1.28 6.32 2.72 0.44 0.33
EBIT Less CapEx to Interest Expense		 2.78 2.86 3.08 2.52 1.55 1.56 8.00 3.35 0.54 0.38
NOPAT Less CapEx to Interest Expense		 1.67 1.72 1.61 1.92 1.11 1.18 6.10 2.61 0.41 0.29
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 29.01% 28.23% 23.56% 28.05% 32.93% 59.71% 29.96% 30.26% 46.48% 54.40%
Augmented Payout Ratio		 117.13% 134.83% 87.12% 68.91% 161.60% 64.06% 56.25% 31.97% 46.48% 111.20%

Quarterly Metrics And Ratios for Synovus Financial

This table displays calculated financial ratios and metrics derived from Synovus Financial's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 16.47% 18.53% 23.37% 8.64% -5.48% -19.06% -12.40% -46.08% 2.62% 18.81% 6.16%
EBITDA Growth		 2.57% -3.28% 20.59% -1.21% -47.71% -56.39% -36.11% -102.34% 65.14% 108.94% 47.28%
EBIT Growth		 9.11% -3.52% 21.59% -2.71% -52.71% -65.24% -38.04% -109.95% 83.26% 163.86% 56.44%
NOPAT Growth		 8.71% 2.68% 18.20% -2.31% -52.49% -66.19% -38.63% -108.88% 87.31% 172.20% 57.07%
Net Income Growth		 8.71% 2.68% 18.20% -2.31% -52.49% -66.19% -38.63% -108.44% 87.31% 172.20% 57.07%
EPS Growth		 9.92% 3.05% 18.92% -2.59% -54.89% -69.63% -40.91% -114.16% 96.67% 200.00% 66.67%
Operating Cash Flow Growth		 -1.72% 1,277.19% 95.46% 1,112.52% -24.39% -54.15% -93.21% -22.37% -15.01% -2.03% 115.58%
Free Cash Flow Firm Growth		 -343.51% -4,039.34% -3,422.19% -1,083.94% 174.43% 187.91% 196.56% 164.03% -96.64% -87.78% -99.97%
Invested Capital Growth		 34.19% 41.34% 711.32% 38.23% -16.11% -22.99% -83.96% -16.62% 1.80% -1.09% 2.50%
Revenue Q/Q Growth		 11.40% 3.70% 1.67% -7.50% -3.08% -11.20% 10.04% -43.07% 84.46% 2.81% -1.68%
EBITDA Q/Q Growth		 13.19% -1.17% 1.54% -13.02% -40.09% -17.57% 48.74% -103.19% 4,325.43% 4.29% 4.85%
EBIT Q/Q Growth		 15.23% -1.04% -0.01% -14.67% -43.99% -27.25% 78.21% -113.70% 1,131.81% 4.75% 5.66%
NOPAT Q/Q Growth		 14.04% 1.34% -1.75% -13.96% -44.54% -27.88% 78.33% -112.45% 1,270.19% 4.81% 2.90%
Net Income Q/Q Growth		 14.04% 1.34% -1.75% -13.96% -44.54% -27.88% 78.33% -111.83% 1,330.82% 4.81% 2.90%
EPS Q/Q Growth		 14.66% 1.50% -2.22% -14.39% -46.90% -31.67% 90.24% -120.51% 837.50% 4.24% 5.69%
Operating Cash Flow Q/Q Growth		 1,247.97% 45.22% -38.96% 1.47% -15.95% -11.94% -90.96% 1,059.70% -7.98% 1.52% -80.10%
Free Cash Flow Firm Q/Q Growth		 -969.54% -23.81% -1,505.48% 94.31% 165.77% 46.24% 1,666.37% -96.23% -96.55% 432.40% -95.69%
Invested Capital Q/Q Growth		 35.62% 6.06% 397.09% -80.67% -17.69% -2.64% 3.47% 0.51% 0.49% -5.40% 7.28%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 47.92% 45.67% 45.61% 42.89% 26.51% 24.61% 33.26% -1.86% 42.66% 43.28% 46.15%
EBIT Margin		 45.11% 43.05% 42.33% 39.05% 22.57% 18.49% 29.94% -7.21% 40.30% 41.06% 44.13%
Profit (Net Income) Margin		 34.87% 34.08% 32.93% 30.63% 17.53% 14.24% 23.07% -4.80% 32.00% 32.62% 34.14%
Tax Burden Percent		 77.31% 79.17% 77.79% 78.44% 77.67% 77.00% 77.06% 66.55% 79.39% 79.44% 77.36%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 22.69% 20.83% 22.21% 21.56% 22.33% 23.00% 22.94% 0.00% 20.61% 20.56% 22.64%
Return on Invested Capital (ROIC)		 9.74% 9.58% 2.98% 9.53% 5.14% 3.89% 1.87% -1.17% 8.28% 9.22% 9.31%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.74% 9.58% 2.98% 9.53% 5.14% 3.89% 1.87% -1.15% 8.28% 9.22% 9.31%
Return on Net Nonoperating Assets (RNNOA)		 5.79% 5.80% 12.96% 5.91% 4.18% 2.69% 8.22% -0.73% 3.94% 3.25% 3.90%
Return on Equity (ROE)		 15.53% 15.39% 15.94% 15.45% 9.31% 6.57% 10.09% -1.91% 12.21% 12.47% 13.21%
Cash Return on Invested Capital (CROIC)		 -19.24% -24.60% -153.03% -21.78% 26.03% 32.64% 146.46% 21.53% 3.12% 7.91% 4.95%
Operating Return on Assets (OROA)		 1.67% 1.62% 1.66% 1.57% 0.89% 0.69% 1.06% -0.23% 1.29% 1.36% 1.49%
Return on Assets (ROA)		 1.29% 1.28% 1.29% 1.23% 0.69% 0.53% 0.81% -0.15% 1.02% 1.08% 1.15%
Return on Common Equity (ROCE)		 13.77% 13.70% 14.16% 13.64% 8.15% 5.82% 8.96% -1.69% 10.84% 11.12% 11.79%
Return on Equity Simple (ROE_SIMPLE)		 17.79% 0.00% 16.54% 16.41% 14.95% 0.00% 9.25% 5.45% 6.71% 0.00% 10.21%
Net Operating Profit after Tax (NOPAT)		 203 206 202 174 96 70 124 -15 181 189 195
NOPAT Margin		 34.87% 34.08% 32.93% 30.63% 17.53% 14.24% 23.07% -5.04% 32.00% 32.62% 34.14%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.02% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 41.11% 41.56% 41.31% 43.58% 44.88% 50.46% 47.53% 80.88% 44.86% 43.77% 44.85%
Operating Expenses to Revenue		 50.50% 51.18% 52.43% 54.10% 64.24% 72.21% 60.02% 98.58% 55.55% 53.28% 53.96%
Earnings before Interest and Taxes (EBIT)		 263 260 260 222 124 90 161 -22 228 238 252
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 279 276 280 244 146 120 179 -5.70 241 251 263
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.37 1.28 1.01 1.00 0.98 1.16 1.29 1.30 1.33 1.54 1.36
Price to Tangible Book Value (P/TBV)		 1.57 1.45 1.13 1.14 1.13 1.31 1.47 1.47 1.49 1.73 1.52
Price to Revenue (P/Rev)		 2.39 2.28 1.83 1.79 1.67 2.39 2.70 3.13 3.37 3.65 3.26
Price to Earnings (P/E)		 7.02 6.93 5.64 5.63 6.06 10.46 13.53 24.61 19.92 16.51 12.95
Dividend Yield		 3.89% 3.94% 4.80% 4.97% 5.53% 4.19% 3.83% 3.78% 3.42% 2.97% 3.27%
Earnings Yield		 14.24% 14.43% 17.74% 17.77% 16.49% 9.56% 7.39% 4.06% 5.02% 6.06% 7.72%
Enterprise Value to Invested Capital (EV/IC)		 0.94 0.90 0.20 0.77 0.69 0.76 0.85 0.87 0.96 0.94 0.87
Enterprise Value to Revenue (EV/Rev)		 3.86 3.76 3.98 2.86 2.16 2.41 2.90 3.42 3.76 3.30 3.23
Enterprise Value to EBITDA (EV/EBITDA)		 7.82 8.03 8.54 6.27 5.33 6.78 9.03 14.65 13.34 9.85 8.71
Enterprise Value to EBIT (EV/EBIT)		 8.38 8.60 9.14 6.74 5.82 7.69 10.41 18.21 15.60 10.84 9.39
Enterprise Value to NOPAT (EV/NOPAT)		 10.84 10.95 11.70 8.62 7.43 9.87 13.40 23.37 19.82 13.67 11.88
Enterprise Value to Operating Cash Flow (EV/OCF)		 14.52 6.96 6.77 3.99 3.16 4.17 6.53 7.38 8.63 7.98 7.70
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 2.43 2.02 0.16 3.69 31.12 11.77 17.81
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.05 1.05 1.08 0.84 0.59 0.38 0.45 0.45 0.38 0.33 0.39
Long-Term Debt to Equity		 1.05 0.92 1.08 0.84 0.59 0.38 0.40 0.45 0.38 0.33 0.39
Financial Leverage		 0.59 0.61 4.35 0.62 0.81 0.69 4.40 0.64 0.48 0.35 0.42
Leverage Ratio		 12.04 11.98 12.33 12.57 13.42 12.43 12.40 12.17 11.97 11.53 11.50
Compound Leverage Factor		 12.04 11.98 12.33 12.57 13.42 12.43 12.40 12.17 11.97 11.53 11.50
Debt to Total Capital		 51.18% 51.29% 51.90% 45.56% 37.24% 27.31% 31.18% 31.05% 27.31% 24.76% 27.92%
Short-Term Debt to Total Capital		 0.00% 6.57% 0.00% 0.02% 0.03% 0.00% 3.45% 0.03% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 51.18% 44.72% 51.90% 45.54% 37.21% 27.31% 27.73% 31.02% 27.31% 24.76% 27.92%
Preferred Equity to Total Capital		 6.20% 5.85% 5.42% 6.08% 7.39% 7.59% 7.33% 7.30% 7.26% 7.67% 7.15%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.29% 0.34% 0.34% 0.32% 0.31% 0.30% 0.31% 0.29%
Common Equity to Total Capital		 42.62% 42.86% 42.69% 48.08% 55.03% 64.76% 61.16% 61.34% 65.13% 67.25% 64.64%
Debt to EBITDA		 4.25 4.56 4.76 3.73 2.86 2.45 3.32 5.20 3.78 2.60 2.80
Net Debt to EBITDA		 2.46 2.65 4.10 1.83 0.60 -0.66 -0.20 -0.02 0.31 -1.90 -0.81
Long-Term Debt to EBITDA		 4.25 3.98 4.76 3.73 2.86 2.45 2.95 5.20 3.78 2.60 2.80
Debt to NOPAT		 5.89 6.22 6.52 5.13 3.99 3.56 4.92 8.30 5.62 3.61 3.81
Net Debt to NOPAT		 3.41 3.61 5.62 2.51 0.84 -0.96 -0.30 -0.03 0.47 -2.63 -1.11
Long-Term Debt to NOPAT		 5.89 5.42 6.52 5.12 3.99 3.56 4.38 8.29 5.62 3.61 3.81
Noncontrolling Interest Sharing Ratio		 11.33% 10.99% 11.20% 11.71% 12.50% 11.42% 11.19% 11.36% 11.28% 10.76% 10.71%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -2,004 -2,482 -39,844 -2,268 1,492 2,182 38,475 1,452 50 267 11
Operating Cash Flow to CapEx		 3,909.61% 6,737.75% 5,437.03% 5,815.96% 3,849.13% 2,285.09% 130.21% 2,779.31% 1,621.19% 2,216.34% 636.21%
Free Cash Flow to Firm to Interest Expense		 -27.32 -16.19 -168.74 -7.47 4.35 6.21 105.74 3.97 0.14 0.78 0.04
Operating Cash Flow to Interest Expense		 5.45 3.79 1.50 1.18 0.88 0.76 0.07 0.76 0.69 0.76 0.17
Operating Cash Flow Less CapEx to Interest Expense		 5.31 3.73 1.47 1.16 0.86 0.73 0.02 0.73 0.65 0.72 0.14
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.03 0.03 0.03 0.03
Fixed Asset Turnover		 5.27 5.67 6.16 6.33 6.31 6.03 5.78 5.08 5.10 5.31 5.34
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 8,664 9,189 45,676 8,831 7,269 7,077 7,326 7,363 7,399 6,999 7,509
Invested Capital Turnover		 0.28 0.28 0.09 0.31 0.29 0.27 0.08 0.23 0.26 0.28 0.27
Increase / (Decrease) in Invested Capital		 2,207 2,688 40,047 2,442 -1,395 -2,112 -38,351 -1,468 131 -77 183
Enterprise Value (EV)		 8,155 8,295 9,235 6,764 5,040 5,352 6,220 6,437 7,129 6,555 6,535
Market Capitalization		 5,051 5,023 4,260 4,233 3,909 5,309 5,799 5,885 6,402 7,258 6,585
Book Value per Share		 $25.40 $27.08 $28.98 $29.05 $27.36 $31.34 $30.60 $30.84 $33.47 $33.23 $34.45
Tangible Book Value per Share		 $22.09 $23.78 $25.71 $25.38 $23.75 $27.74 $27.03 $27.29 $29.88 $29.60 $30.81
Total Capital		 8,664 9,189 9,916 8,831 7,269 7,077 7,326 7,363 7,399 6,999 7,509
Total Debt		 4,434 4,713 5,146 4,023 2,707 1,933 2,284 2,286 2,021 1,733 2,097
Total Long-Term Debt		 4,434 4,110 5,146 4,021 2,705 1,933 2,032 2,284 2,021 1,733 2,097
Net Debt		 2,567 2,735 4,438 1,969 569 -519 -139 -8.31 167 -1,261 -609
Capital Expenditures (CapEx)		 10 8.62 6.52 6.18 7.85 12 18 10 16 12 8.16
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.76 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 4,434 4,713 40,906 4,023 2,707 1,933 2,284 2,286 2,021 1,733 2,097
Total Depreciation and Amortization (D&A)		 16 16 20 22 22 30 18 16 13 13 12
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.34 $1.36 $1.33 $1.13 $0.60 $0.42 $0.78 ($0.16) $1.19 $1.24 $1.31
Adjusted Weighted Average Basic Shares Outstanding		 145.39M 145.36M 145.80M 146.11M 146.17M 146.12M 146.43M 145.57M 143.14M 144.16M 140.68M
Adjusted Diluted Earnings per Share		 $1.33 $1.35 $1.32 $1.13 $0.60 $0.41 $0.78 ($0.16) $1.18 $1.23 $1.30
Adjusted Weighted Average Diluted Shares Outstanding		 146.42M 146.48M 146.73M 146.55M 146.74M 146.73M 147.12M 145.57M 143.98M 145.00M 141.78M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 145.46M 146.05M 146.12M 146.17M 146.24M 146.40M 146.44M 143.97M 141.67M 140.89M 139.01M
Normalized Net Operating Profit after Tax (NOPAT)		 204 204 202 174 110 71 125 -16 182 189 194
Normalized NOPAT Margin		 35.00% 33.77% 32.84% 30.62% 19.97% 14.43% 23.29% -5.19% 32.17% 32.62% 33.96%
Pre Tax Income Margin		 45.11% 43.05% 42.33% 39.05% 22.57% 18.49% 29.94% -7.21% 40.30% 41.06% 44.13%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3.58 1.70 1.10 0.73 0.36 0.26 0.44 -0.06 0.62 0.69 0.81
NOPAT to Interest Expense		 2.77 1.34 0.86 0.57 0.28 0.20 0.34 -0.04 0.49 0.55 0.62
EBIT Less CapEx to Interest Expense		 3.44 1.64 1.07 0.71 0.34 0.22 0.39 -0.09 0.57 0.66 0.78
NOPAT Less CapEx to Interest Expense		 2.63 1.29 0.83 0.55 0.26 0.17 0.29 -0.07 0.45 0.52 0.60
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 30.29% 30.26% 29.27% 30.19% 36.03% 46.48% 55.96% 94.85% 72.46% 54.40% 47.32%
Augmented Payout Ratio		 36.38% 31.97% 29.69% 30.19% 36.03% 46.48% 62.43% 139.05% 134.36% 111.20% 113.32%

Key Financial Trends

Synovus Financial (NYSE: SNV) has demonstrated a generally stable and growing financial profile over the past four years, as reflected in its income statements, balance sheets, and cash flow statements. Here are key trends and considerations retail investors may find relevant:

  • Consistent Growth in Net Interest Income: Net interest income, a core profitability driver for banks, remained strong and relatively stable. For example, in Q1 2025, net interest income was approximately $454 million, close to Q4 2024's $455 million, indicating steady revenue generation from loans and interest-bearing assets.
  • Robust Net Income: The company reported solid net income in recent quarters, reaching $195 million in Q1 2025, up from $189 million in Q4 2024. This upward trend suggests improving profitability.
  • Earnings Per Share Growth: Basic EPS grew from $1.24 in Q4 2024 to $1.31 in Q1 2025, signaling enhanced shareholder value despite a reduction in shares outstanding, reflecting share repurchases.
  • Strong Operating Cash Flow: Synovus maintains positive cash flow from continuing operations, with $52 million in Q1 2025, supporting business operations and investments.
  • Moderate Provision for Credit Losses: Provisions for credit losses decreased to $10.9 million in Q1 2025 from $32.9 million in Q4 2024, indicating potentially improving asset quality and reduced expected loan impairments.
  • Fluctuating Non-Interest Income: Non-interest income showed variability, with $116 million in Q1 2025 versus $126 million in Q4 2024. While service charges and trust fee income help diversify revenues, volatility in other categories can impact overall revenue stability.
  • Volatile Investment Securities Activity: Purchases and sales of investment securities fluctuate significantly quarter to quarter, affecting investing cash flows and total assets, typical in financial institutions managing liquidity and risk.
  • Increased Interest Expense on Deposits: Interest paid on deposits was slightly reduced in Q1 2025 ($282 million) compared to Q4 2024 ($316 million), but remains a significant expense that pressures net interest margin amid competitive deposit markets.
  • Declining Total Assets: Total assets declined slightly from $60.3 billion in Q4 2024 to $60.3 billion in Q1 2025 but remain relatively stable compared to previous years. Any shrinkage can signal tighter loan growth or asset sales.
  • Rising Treasury Stock and Negative AOCI: Treasury stock increased to -$1.33 billion with accumulated other comprehensive loss (AOCI) at -$827 million as of Q1 2025, reflecting share buybacks and unrealized losses on certain investments or pension obligations, which can weigh on book value.

Summary: Synovus Financial exhibits stable core earnings driven by solid net interest income and controlled credit losses, which are positive for investors. The bank's consistent profitability and EPS growth underscore operational efficiency and shareholder return focus. However, investors should monitor interest expense trends, fluctuations in non-interest income, and asset growth closely. The balance sheet shows prudent leverage and sizable equity buffers, though certain equity components like AOCI and treasury stock warrant attention. Overall, Synovus demonstrates financial resilience with cautious capital management amid changing market conditions.

08/02/25 03:56 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Synovus Financial's Financials

When does Synovus Financial's fiscal year end?

According to the most recent income statement we have on file, Synovus Financial's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Synovus Financial's net income changed over the last 9 years?

Synovus Financial's net income appears to be on an upward trend, with a most recent value of $479.45 million in 2024, rising from $226.08 million in 2015. The previous period was $542.14 million in 2023. See Synovus Financial's forecast for analyst expectations on what’s next for the company.

How has Synovus Financial's revenue changed over the last 9 years?

Over the last 9 years, Synovus Financial's total revenue changed from $1.10 billion in 2015 to $1.99 billion in 2024, a change of 81.6%.

How much debt does Synovus Financial have?

Synovus Financial's total liabilities were at $54.97 billion at the end of 2024, a 0.6% increase from 2023, and a 113.1% increase since 2015.

How much cash does Synovus Financial have?

In the past 9 years, Synovus Financial's cash and equivalents has ranged from $367.09 million in 2015 to $2.98 billion in 2024, and is currently $2.98 billion as of their latest financial filing in 2024.

How has Synovus Financial's book value per share changed over the last 9 years?

Over the last 9 years, Synovus Financial's book value per share changed from 22.01 in 2015 to 33.23 in 2024, a change of 51.0%.


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This page (NYSE:SNV) was last updated on 8/2/2025 by MarketBeat.com Staff
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